ELROD negotiated more than $400 million in settlements for its gas pipeline clients for their breach of contract claims against Calpine Corporation and its affiliates, in one of the largest bankruptcy proceedings in United States history.  ELROD also protected its clients' interests in getting other crucial long-term pipeline contracts assumed by Calpine, removing the uncertainty associated with hundreds of millions of dollars more in pipeline revenues because of the bankruptcy.

“We are extremely proud of these results, and our clients are thrilled", said managing partner David W. Elrod.  "We were able to strategically use the short bankruptcy court deadlines in the case to our advantage and strategically choose the right times and issues to give our clients the greatest possible leverage in negotiations.  Getting these claims resolved before confirmation also saved our clients millions of dollars in fees and years of litigation and allowed them to get paid on the vast majority of their claims within weeks of the settlement."